ARTICLES ABOUT BEML BY DATE - PAGE 3

MUMBAI: Shares of companies involved in defence sector rallied as much as 8.6 per cent today after the government cleared defence projects worth Rs 80,000 crore. This includes indigenously built six stealth submarines at a cost of around Rs 50,000 crore and purchase of 12 Dornier surveillance aircrafts at Rs 1,850 crore. The move is aimed at boosting domestic industry of the country which imports up to 70 per cent of its military hardware. The move will benefit companies such as Pipavav Defence, Larsen & Toubro, Bharat Electronics and BEML.

BANGALORE: BEML Limited today said it has bagged an order worth Rs 570 crore from Delhi Metro Rail Corporation for the supply of 70 cars. This was in addition to 92 cars being manufactured for Delhi Metro, the company said. The company forayed into the manufacture and supply of hi-tech Metro Cars during 2002. Since then, BEML has made significant strides and has emerged as the preferred destination of Metro coach manufacturer in the country, BEML claimed. BEML has so far supplied more than 700 metro cars to Delhi Metro, Bangalore Metro and Jaipur Metro, the company said in a release.

In a chat with ET Now, Gaurang Shah , VP, Geojit BNP Paribas Financial Services, shares his views on the market as well as some sectors and stocks. Excerpts: ET Now: Why is BEL going crazy today? What is the word on the street? Gaurang Shah: I t is all because of the clarity about the proposals through the FDI route going through the Cabinet ministerial nod, I guess, that has been put to rest and not only BEL, even BEML. Astra Micro kind of stocks related to the defence FDI has been doing well.

NEW DELHI: The Central Bureau of Investigation (CBI), which appears to be on a closing spree, has filed a closure report in the Tatra trucks case where it had put UK-based Vectra Group chief Ravi Rishi and former chairman and managing director of state-run BEML, VRS Natrajan, under the scanner during the 29-month long investigation. Citing "insufficient evidence", the CBI on Tuesday brought down the curtain on the case which involved supply of 7,000 Tatra trucks to the Indian Army by BEML since 1986.

In an interview with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on the market and a few stocks. Excerpts: ET Now: What is the sense that you are getting? Does it seem like there is more to go by way of weakness that we could be marred with next week? Mitesh Thacker: If you look at the way this breakdown has happened, we have immediately tested the support area or the base area which held out very nicely in June. So 7460-7480 does hold on for now, but clearly, the momentum has swung on the downside.

NEW DELHI: Finance Minister, Arun Jaitley in his first maiden Budget said that the government is looking at raising foreign direct investment (FDI) in Defence sector to 49 per cent from 26 per cent. Most of the defence related stocks have already rallied so far in the year 2014 ahead of the announcement. L&T, BEML, Bharat Electronics, Astra Microwave have rallied 50-200 per cent in the same period. However, most of the defence stocks slipped post the announcement largely on account of profit-booking.

In a chat with ET Now, P Dwarakanath, CMD, BEML, shares his reactions on the Railway Budget . Excerpts: ET Now: There was no mention of funds for railway tracks or wagons. It is bit of a disappointment, do you reckon? P Dwarakanath: Basically, I must say that the honourable minister has presented a balanced budget. Considering what we could hear so far, we have five areas of great interest for BEML. The number one related to EMUs (electrical multiple units)

In a chat with ET Now, Ashwani Gujral of ashwanigujral.com shares his views on BEML. ET Now: What is your call on BEML? Ashwani Gujral: BEML is a 'BUY' call with a target of Rs 890 and a stop loss of of Rs 850.

NEW DELHI: Indian markets are expected to trade in a range on Thursday tracking muted trend seen in other Asian markets. ET Now spoke to various experts and here's what they have to recommend for today's trade: Ashwani Gujral of ashwanigujral.com Bharat Electronics Ltd is a 'BUY' call with a target of Rs 2200 and a stop loss of Rs 2080 BEML is a 'BUY' call with a target of Rs 890 and a stop loss of Rs 850 ...

In an interview with ET Now, Deepak Shenoy, Founder, Capital Mind, shares his views on the markets and some sectors. Excerpts: ET Now: What is the view on the markets for the medium term and how would you advice one to align their portfolio ahead of the budget and the policy expectations to keep in mind? Deepak Shenoy: This is a new government. So we do not know what their focus is going to be. But the initial cues that we are getting are that the budget is likely to be a tougher one then we expect.